Bank ABC selects Backbase to develop digital banking platform

MANAMA, April 19, 2017

Bahrain-based Bank ABC has selected Backbase, a state-of-the-art digital banking software solution, to develop its next generation digital banking platform for retail and wholesale banking across its network.

Bank ABC, founded in 1980, is an international bank with its network spreads across five continents, covering countries in the Middle East, North Africa, Europe, the Americas and Asia.

In its plans to expand digitally, Bank ABC selected a partner that could help it innovate across web and mobile to streamline their front-end features and achieve the latest in digital banking innovation - as well as provide ease in upgrading the existing platform, implementation and in supporting multi lingual requirements across the new digital platforms, said a statement from the financial institution.

Backbase was selected on the basis that it is the most recognised global market leader in providing digital omni-channel banking solutions and helping banks towards their digital transformation, it said.

Moreover, customers in Jordan were able to access the new web digital banking platform earlier this month from April 2.

Sael Al Waary, group deputy chief executive officer of Bank ABC, said: “Our region is very dynamic, and technology is rapidly changing the banking landscape where we are seeing an increase in banks seeking flexibility and agility in introducing new banking products to the market across different channels.”

“Our new digital platform ensures that not only will we continue to have a competitive advantage in this evolving landscape, but that we have put everything in place to succeed in our global digitalisation expansion,” he said.

Jouk Pleiter, chief executive officer, Backbase, said: “It is rewarding to see that more financial institutions in this region are turning towards integrating our company’s digital banking platform to help support their next phase of growth in digital banking.”

“In the past years our platform has experienced a strong adoption amongst banks in this region wishing to upgrade their existing legacy and respond to the ever growing changing needs of the connected consumer,” he said.

“Bank ABC has all the power to be successful, and we are delighted that they have chosen our omni-channel banking platform to accompany their expansion and digital transformation,” he concluded. – TradeArabia News Service